Subject. This article discusses the issues related to labor remuneration and regional budget formation. Objectives. The article aims to develop a scientific and methodological approach that may help analyze and forecast the average monthly accrued wages of hired employees in organizations, individual entrepreneurs, and private individuals. Methods. For the study, we used an interdisciplinary approach based on a combination of economic, statistical, and mathematical methods. Results. The article presents an author-developed mathematical model that helps provide more accurate forecasting of the economic condition of the region and efficient resource allocation. Relevance. The data obtained constitute a basis for analyzing factors influencing the labor market, and can be used to develop new forecasting models.
Keywords: regional policy, forecasting, average monthly income from labor activities, average monthly salary, socioeconomic development of regions
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